City BusinessNews, Author at City Business News

September 21, 2024 No Responses

Nigeria, Russian Firms Sign MoU To Revive Ajaokuta Steel Plant, NIOMCO

The Nigerian Government, through the Ministry of Steel Development, has signed a Memorandum of Understanding (MoU) with a Russian consortium for the rehabilitation, completion, and operation of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO)....

September 21, 2024 No Responses

FRSC Promotes 49 Senior Officers

The Secretary to the Government of the Federation, Senator George Akume, on Friday approved the promotion of 49 senior officers of the Federal Road Safety Corps (FRSC). A statement issued by Corps Commander, Corps Public Education Officer, Olusegun Ogungbemide...

September 21, 2024 No Responses

CBN Reacts To Controversial Policy Document

The Central Bank of Nigeria, CBN, on Friday, made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. In a statement published on it...

September 21, 2024 No Responses

TotalEnergies Starts Production At Fenix Offshore Gas Field

TotalEnergies has announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which...

September 21, 2024 No Responses

Kia Unveils New Sportage SUV

Kia Middle East and Africa has announced the regional launch of the Kia Sportage L, the long wheelbase is a dynamic addition to its renowned SUV lineup. Unveiled at an exclusive test drive event in Salalah, Oman, this September, the...

September 20, 2024 No Responses

Coca-Cola Unveils $1b Investment In Nigeria

President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system and a business-friendly economy that will attract more foreign direct investments. The President made the commitment on Thursday in Abuja, as the Coca-...

September 20, 2024 No Responses

Edo Declares Friday Work-Free Day

The Edo State Government has declared Friday, September 20, a work-free day in the State to enable workers and other electorates travel to their voting areas ahead of the September 21 governorship election in the State.In a statement, Joseph Eboigbe,...

September 19, 2024 No Responses

Nigeria Targets $1.5b Revenue From Halal By 2027

Nigeria has embraced the Halal economy and is hoping to leverage the opportunities to add the sum of $1.5bn to the country’s GDP by 2027, Vice President Kashim Shettima has said. Shettima revealed this as he attended the Nigeria Halal...

September 19, 2024 No Responses

Edo 2024: Makinde Canvasses Support For Ighodalo

Oyo State Governor, Seyi Makinde, on Wednesday declared support for the Edo Peoples Democratic Party (PDP) governorship candidate, Asue Ighodalo. Makinde made this declaration at the groundbreaking ceremony for the upgrade of the Samuel Ladoke Akintola A...

September 19, 2024 No Responses

Edo 2024: NAF Commences Airlifting Of Materials

Ahead of the September 21, 2024 Governorship election in Edo State, the Nigerian Air Force (NAF) has commenced the airlift of election materials for the Independent National Electoral Commission (INEC) to Benin, Edo State. A statement by the Deputy Director...

September 19, 2024 No Responses

EFCC Harps On Enhanced Ethics In Accounting Profession

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged accountants across the country to show greater regard for the ethics of their profession and observance of the country’s financial regulations. He gav...

September 19, 2024 No Responses

Tinubu Congratulates Hamzat At 60

President Bola Tinubu celebrates the 60th birthday of the Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat, whom he describes as his esteemed colleague and trusted friend. In a special tribute released today, President Tinubu says that Hamzat’s contribu...

September 18, 2024 No Responses

NAFDAC Shuts Down Cosmetics Factory

The National Agency for Food and Drugs Administration and Control (NAFDAC) has shut down an illegal factory producing counterfeit cosmetic products at Benue Plaza, Trade Fair Complex in Lagos State. In a post on its X handle on Tuesday, NAFDAC...

September 18, 2024 No Responses

Floods: NDDC To Builds Six Multi-Purpose Emergency Shelters

The Managing Director of the Niger Delta Development Commission, NDDC, Dr. Samuel Ogbuku, has disclosed that the Commission in building six multi-purpose emergency shelters in Bayelsa, Delta and Rivers states for Internally Displaced Persons, IDPs, in the even...